Functional Role: Audit Oversight Specialist
Hybrid in Mount Laurel NJ
Contract
Key Points:
- Seeking candidates with audit/regulatory experience especially in IT. Former auditors would be ideal candidates.
- Strong communication skills are essential.
- Experience in Capital Markets is a plus but not as critical as former audit experience.
Job Description:
- Lead the assessment and monitoring of nontechnical risk processes and control operations across the organization focusing on areas such as compliance AML HR legal fraud and operational risk.
- Develop implement and maintain policies and standards to manage nonfinancial risks in alignment with regulatory requirements and industry best practices.
- Collaborate with business units to identify evaluate and mitigate nonfinancial risks ensuring robust control environments are established and effectively monitored.
- Coordinate with compliance legal and regulatory teams to stay informed of new regulations and changes to existing laws analyzing their impact on the nonfinancial risk framework and control operations.
- Facilitate the development and implementation of risk mitigation strategies control improvements and corrective action plans in response to identified risk exposures audit findings or regulatory reviews.
- Conduct regular reviews and audits of business processes and controls to ensure compliance with established policies standards and regulatory requirements.
- Provide expert guidance and support to business units in understanding and fulfilling their nonfinancial risk management responsibilities.
- Prepare and present detailed reports and analyses to senior management and relevant committees highlighting the status of nonfinancial risks control effectiveness and compliance with regulatory requirements.
Required Skills:
- Bachelors degree in Business Administration Finance Law or a related field. Advanced degrees or professional certifications related to risk management compliance or audit (e.g. CRISC CAMS) are preferred.
- 35 years (57 years for L10) of experience in risk management within the banking or financial services sector with proven experience in process and controls operations assessment.
- Extensive knowledge of regulatory requirements and industry standards related to compliance AML HR legal fraud and operational risk.
- Demonstrated ability to develop and implement risk management policies and control frameworks.
Additional Desired Qualifications:
- Strong analytical and problemsolving skills with a keen attention to detail and the ability to address complex risk and control issues.
- Excellent communication and interpersonal skills able to effectively engage with and influence stakeholders across various levels of the organization.
- Proficient in risk assessment methodologies and tools with the ability to conduct thorough reviews and audits of business processes and controls.
- Strategic thinker with the foresight to anticipate changes in the regulatory landscape and their implications for nonfinancial risk management practices.
- Strong project management and organizational abilities with the capacity to manage multiple priorities and initiatives simultaneously.